Bainbridge Island Real Estate Market Update | July 2020

The pace of our Island real estate market continues to be brisk. Lack of inventory build-up remains a problem, as there would typically be twice the number of homes for sale this time of year as there are now. Although the total number of sales is slightly down for the year compared to last, 39% of the new listings in July went under contract.

June ended with 44± homes on the market. At the end of July, there were 46± homes for sale. There were 69 new listings in July, 27 of which went under contract. Additionally, 19 homes already on the market went under contract for a total of 46 (see below). There were 52 sales that closed in July at a median sales price of $1,028,750 with an average market time of 31 days.

Comparatively, for the month of July last year, there were 108± homes for sale, 36 homes that went under contract, and 44 closed sales at a median sales price of $840,500 with an average market time of 31 days.

Through the end of July, there have been 218 closed sales at a median sales price of $966,000. Compared to the same period last year, there were 228 closed sales at a median sales price of $919,500, a decrease in volume of 4% and a 5% increase in the median sales price.

Here are the 46 homes that went under contract in July:

	Price	Address	Contract Date
1	$495,000	12335 Kallgren Road NE	7/27
2	$589,500	7573 NE Emerald Way	7/31
3	$595,000	9570 NE Beachcrest Drive	7/24
4	$649,000	12265 Miller Road NE	7/6
5	$650,000	6894 NE Lot B Koura Road	7/12
6	$675,000	2000 Douglas Drive NE	7/29
7	$710,000	8810 Pitcairn Place NE	7/12
8	$715,000	9500 Bucsit Lane NE	7/13
9	$715,000	763 Fords Court NW	7/28
10	$729,000	8615 Springridge Road NE	7/1
11	$729,000	130 Wallace Way NW	7/23
12	$778,000	6024 Rose Loop NE	7/20
13	$825,000	10756 Sunrise Drive NE	7/14
14	$828,000	9561 NE Mary Sam Lane	7/27
15	$828,000	7206 NE Abies Drive	7/12
16	$830,000	2112 Belfair Avenue NE	7/7	Closed 7/7 @ $830,000
17	$839,000	7301 NE Pearl Court	7/20
18	$849,000	7479 NE Hidden Cove Road	7/17
19	$849,995	8205 Blakely Court West	7/21
20	$865,000	15415 Sunrise Drive NE	7/16
21	$869,718	8332 New Holland Court NE	7/28
22	$869,900	763 Klickitat Place NE	7/23
23	$900,000	6894 NE Koura Road	7/12
24	$998,000	13755 Sunrise Drive NE	7/25
25	$1,000,000	642 Annie Rose Lane NW	7/6	Closed 7/6 @ $1,000,000
26	$1,047,500	9236 Ferncliff Avenue NE	7/23	Closed 7/23 @ $1,047,500
27	$1,085,000	12075 Surnise Drive NE	7/13	Closed 7/13 @$1,085,000
28	$1,089,000	657 Annie Rose Lane NW	7/6
29	$1,124,500	9785 NE Murden Cove Drive	7/27
30	$1,197,000	7393 NE Dolphin Drive	7/23
31	$1,225,000	722 Ferryview Lane NE #7	7/14
32	$1,290,000	1178 Aaron Avenue NE	7/30
33	$1,365,000	8230 Grand Avenue NE	7/21
34	$1,375,000	13501 Manzanita Road NE	7/1	Waterfront
35	$1,385,000	1029 Cherry Avenue	7/31	Closed 7/31 @ $1,385,000
36	$1,395,000	10283 NE Woodhaven Lane	7/10
37	$1,425,000	5784 Rose Loop NE	7/26
38	$1,498,000	15289 Harvey Road NE	7/23	Waterfront; Closed 7/24 @ $1,325,000
39	$1,500,000	4823 NE Dotson Loop	7/13
40	$1,510,000	4427 Blakely Avenue NE	7/21
41	$1,585,000	8633 NE Reserve Way	7/8
42	$1,595,000	12662 Sunrise Drive NE	7/21	Waterfront
43	$1,595,000	6601 NE New Brooklyn Road	7/18
44	$1,598,000	10811 Bill Point View NE	7/28
45	$1,998,000	7700 NE Hidden Cove Road	7/30	Waterfront
46	$2,395,000	7422 Madrona Drive NE	7/11	Waterfront

Information and statistics derived from Northwest Multiple Listing Service.